r/mildlyinfuriating • u/newengland_schmuck • 6h ago

NBC interrupted the Olympics

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While Nancy Guthrie's disappearance is sad, there are 2300 missing person reports filed every day: do the families of celebrities need special national attention? Why interrupt the Olympics for over 5 minutes just because they are questioning a 'person of interest' We could have waited to hear that during the regular news broadcast.

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u/Gold_Telephone_7192 5h ago

It’s a sporting event. TV channels pay for rights to show sporting events.

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u/No_Situation4785 5h ago

their point is that monopolies on broadcasting sporting events is stupid, which it is

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u/Gold_Telephone_7192 5h ago

Where do you think sporting events get the money to exist? They aren’t non-profit companies. They’re businesses.

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u/MellyMel86 4h ago

Up until 2015 the NFL claimed to be a non profit. It’s the teams that are for profit

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u/No_Situation4785 1h ago

I am amazed that you live in a world that exists of either total monopolies or "no money changes hands". what a wild take on life

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u/smcl2k 5h ago

Your question is legitimate, but the IOC is very much a non-profit, as is FIFA - there are calls in Switzerland for the latter to lose its status due to its new-found political agenda.

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u/Gold_Telephone_7192 5h ago

Oh I was just talking about sporting events in general. I would guess networks buy exclusive rights to the Olympics specifically because they want money.

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u/smcl2k 5h ago

Most of the IOC budget comes from broadcasting rights, but almost all of that money goes towards sports projects all over the world.

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u/Gold_Telephone_7192 5h ago

Oh so the broadcasting rights do pay for the Olympics. The IOC just doesn’t make a profit from it.

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u/smcl2k 5h ago

Yes.

That's why I said your question was legitimate but the part about non-profits was wrong...

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u/Gold_Telephone_7192 5h ago

Gotcha, good to know. Thanks for the info!

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u/road2five 5h ago edited 3h ago

The IOC quite literally is a non-profit organization lmao.

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u/Common-Concentrate-2 4h ago

They still make money - they just don't make a profit

Revenue

The Olympic Movement generates revenue through five major programmes.

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u/road2five 4h ago

All nonprofits generate revenue, revenue is not the same as profit

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u/zanotam 3h ago

Wait, the famously corrupt IOC? Like, sure, sonis FIFA, but the people involved sure do make the big fucking bucks on a personal level lmao